Common use of Terms of the Notes Clause in Contracts

Terms of the Notes. (a) The Notes shall bear interest at the rate of 2.40% per annum on the principal amount thereof from November 24, 2014, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal of the Notes becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on the Notes will be payable semiannually in arrears on December 1 and June 1 of each year (each such date, an “Interest Payment Date”), commencing June 1, 2015. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year.

Appears in 1 contract

Samples: Indenture (Dte Energy Co)

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Terms of the Notes. (a) The Notes shall bear interest at the rate of 2.401.05% per annum on the principal amount thereof from November 24August 6, 20142020, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal of the Notes becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on the Notes will be payable semiannually in arrears on December June 1 and June December 1 of each year (each such date, an “Interest Payment Date”), commencing June December 1, 20152020. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year.

Appears in 1 contract

Samples: Indenture (DTE Electric Co)

Terms of the Notes. (a) The Notes shall bear interest at the rate of 2.406.35% per annum on the principal amount thereof from November 24May 26, 20142006, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal of the Notes becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on the Notes will be payable semiannually in arrears on December June 1 and June December 1 of each year (each such date, an "Interest Payment Date"), commencing June December 1, 20152006. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year.

Appears in 1 contract

Samples: Dte Energy Co

Terms of the Notes. (a) The Notes shall bear interest at the rate of 2.403.70% per annum on the principal amount thereof from November 24August 6, 20142018, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal of the Notes becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on the Notes will be payable semiannually in arrears on December February 1 and June August 1 of each year (each such date, an “Interest Payment Date”), commencing June February 1, 20152019. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year.

Appears in 1 contract

Samples: Indenture (DTE Electric Co)

Terms of the Notes. (a) The Notes shall bear interest at the rate of 2.400.55% per annum on the principal amount thereof from November 24October 7, 20142020, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal of the Notes becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on the Notes will be payable semiannually in arrears on December May 1 and June November 1 of each year (each such date, an “Interest Payment Date”), commencing June May 1, 20152021. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year.

Appears in 1 contract

Samples: DTE Electric Co

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Terms of the Notes. (a) The Notes shall bear interest at the rate of 2.403.85% per annum on the principal amount thereof from November 2425, 20142013, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal of the Notes becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on the Notes will be payable semiannually in arrears on December June 1 and June December 1 of each year (each such date, an “Interest Payment Date”), commencing June 1, 20152014. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year.

Appears in 1 contract

Samples: Indenture (Dte Energy Co)

Terms of the Notes. (a) The Notes shall bear interest at the rate of 2.404.875% per annum on the principal amount thereof from November 24May 12, 20142023, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal of the Notes becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on the Notes will be payable semiannually in arrears on December June 1 and June December 1 of each year (each such date, an “Interest Payment Date”), commencing June December 1, 20152023. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year.

Appears in 1 contract

Samples: DTE Electric Co

Terms of the Notes. (a) The Notes shall bear interest at the rate of 2.403.50% per annum on the principal amount thereof from November 24May 13, 2014, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, until the principal of the Notes becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on the Notes will be payable semiannually in arrears on December June 1 and June December 1 of each year (each such date, an “Interest Payment Date”), commencing June December 1, 20152014. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year.

Appears in 1 contract

Samples: Dte Energy Co

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